智通财经APP讯，中国东方航空股份(00670)发布公告，2025年9月，公司未进行回购。截至2025年9月30 日，公司累计完成回购股份数量为20,355.99万股，占公司总股份数的0.9132%。本次回购符合相关法律 法规的规定及公司既定的回购股份方案。 ...

Group 1 - The low-altitude tourism sector is emerging as a significant area for the commercialization of eVTOL and helicopter services, with scenic spots being ideal launch points due to their controlled airspace and fixed flight routes [1][2] - Tourists in Ningbo and Hangzhou have begun experiencing low-altitude flights, with prices ranging from 680 to 1280 yuan, indicating a growing demand for unique aerial experiences [1][2] - Various regions are actively investing in low-altitude tourism, with companies like Guizhou Scenic Tourism Development Co. ordering 50 EH216-S drones for sightseeing services, showcasing the integration of technology and cultural tourism [2] Group 2 - The low-altitude economy is on the verge of significant growth, with applications expected to expand from scenic tourism to urban commuting and logistics, driven by supportive policies and market demand [2][3] - Recent regulations, such as the implementation of the Suzhou Low Altitude Economy Promotion Ordinance, are facilitating the development of the low-altitude economy by providing a legal framework [2] - Several listed companies are accelerating their low-altitude economic projects, with plans for new low-altitude tour routes and the development of flying cars by 2026, indicating a strong commitment to this emerging sector [3]

Market Overview - On October 9, Hong Kong's three major indices showed mixed performance, with the Hang Seng Index down 0.29% to 26,752.59 points, the Hang Seng Tech Index down 0.66% to 6,471.34 points, and the Hang Seng China Enterprises Index up 0.07% to 9,530.13 points [1] - The pharmaceutical sector experienced a significant pullback, while the semiconductor industry saw a notable decline in the afternoon session, and the metals sector accelerated its gains [1] - Notable individual stock movements included Alibaba down nearly 2.5%, Hua Hong Semiconductor down nearly 6.5%, and Kuaishou up over 3.5% [1] Southbound Capital - On October 9, southbound funds net purchased Hong Kong stocks worth 30.43 billion HKD, with Kuaishou receiving a net inflow of 10.86 billion HKD [2] - Year-to-date, the cumulative net purchase amount of southbound funds has reached 11,705.58 billion HKD, significantly exceeding last year's total [2] U.S. Market Performance - Overnight, U.S. stock indices experienced slight declines, with the Dow Jones down 0.52%, the S&P 500 down 0.28%, and the Nasdaq down 0.08% [3] - Boeing fell over 4%, and the Travelers Companies dropped nearly 3%, leading the decline in the Dow [3] - Chinese concept stocks mostly declined, with Alibaba down 4% and XPeng down 5% [3] Key News - Alibaba is exploring advancements in its Tongyi Qianwen large language model, aiming to transition from a language model to an intelligent agent capable of real-world actions [4] - Silver prices recently surpassed 51 USD per ounce, marking the highest level since the 1980s, with year-to-date silver futures up over 70% [4] - Federal Reserve officials expressed support for further interest rate cuts this year, while caution remains due to uncertainties in inflation and employment [4] Short Selling Data - On October 9, a total of 653 Hong Kong stocks were short-sold, with total short selling amounting to 41.163 billion HKD [5] - The top three stocks by short selling amount were Alibaba-W at 32.86 billion HKD, Tencent Holdings at 19.8 billion HKD, and HSBC Holdings at 17.45 billion HKD [5] Institutional Insights - Huatai Securities believes that the upward trend in Hong Kong stocks may continue post-holiday, citing historical volatility patterns [6] - The firm highlights the increasing importance of scarce and certain assets amid global uncertainties, along with a rising demand for cross-asset and cross-regional capital reallocation [6] - The narrative around AI and technology is strengthening, and there is a notable recovery in consumer demand, particularly in experiential consumption [6] Hong Kong Stock ETFs - The Hong Kong Consumption ETF (513230) focuses on e-commerce and new consumption sectors, which are relatively scarce compared to A-shares [7] - The Hang Seng Tech Index ETF (513180) includes core AI assets and leading technology firms that are also scarce in A-shares [8]

Market Overview - US stock indices closed lower on Thursday, with the Dow Jones Industrial Average recording its largest single-day drop in a month, down 243.36 points to 46358.42, a decline of 0.52% [1] - The S&P 500 index fell 18.61 points to 6735.11, down 0.28%, while the Nasdaq Composite dropped 18.75 points to 23024.63, a decrease of 0.08% [1] - Among the 11 sectors of the S&P 500, the materials sector saw the largest decline, while the consumer staples sector was the only one to rise [1] Earnings Season Insights - The upcoming earnings season is anticipated to show whether corporate profits can continue the stable growth seen in the past two quarters, with analysts expecting an 8.8% year-over-year increase in S&P 500 earnings for Q3, down from 13.8% in the previous quarter [2] - Major banks including JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo are set to report their earnings next week [2] Economic Indicators - The yield on the US 10-year Treasury rose by 1.7 basis points to 4.15%, while the 2-year Treasury yield increased by 1.3 basis points to 3.60% [3] - The futures market indicates a 94.6% probability of a 25 basis point rate cut by the Federal Reserve in October, as the job market may weaken further [2] Commodity Prices - International oil prices fell, with WTI crude oil futures down 1.66% to $61.51 per barrel, and Brent crude down 1.55% to $65.22 per barrel [3] - Gold prices also retreated, with spot gold down 1.62% to $3976.76 per ounce, and COMEX gold futures down 1.96% to $3990.9 per ounce [3] Corporate Developments - Delta Air Lines reported stronger-than-expected Q3 earnings and raised its guidance for the current quarter, resulting in a 4.3% increase in its stock price [2] - The Keator Group's partner noted that the market is adjusting due to a lack of new economic data and clear policy signals, which is a natural occurrence [2]

*三大股指全线下跌 *热门中概股普遍承压 *COMEX黄金期货失守4000美元关口 美国股市周四收盘走弱，投资者在缺乏新的经济数据和市场催化剂的情况下选择调整仓位。标普500指 数和纳斯达克指数自历史高位回落，道琼斯工业平均指数录得一个月来最大单日跌幅。 截至收盘，道琼斯工业平均指数下跌243.36点，报46358.42点，跌幅0.52%；标普500指数下跌18.61点， 收于6735.11点，跌幅0.28%；纳斯达克综合指数下跌18.75点，报23024.63点，跌幅0.08%。 标普500指数11个板块中，原材料板块跌幅居前，必需消费品板块是唯一上涨的板块。住房与住宅建筑 板块双双下跌逾2%，因利润率及需求前景承压。 大型科技股表现分化，苹果跌1.56%，谷歌A跌1.26%，微软和特斯拉至多下跌0.7%，亚马逊、英伟达与 Meta逆势上涨1.12%至2.18%。 中概股整体承压，纳斯达克中国金龙指数下跌2.01%，小鹏汽车和小马智行跌逾5%，蔚来、百度、理想 和阿里巴巴跌幅超过4%，晶科能源涨2.3%，哔哩哔哩上涨2.9%。 财富管理公司Keator Group合伙人马修·基特尔（Matthew Keat ...

2025.10.10 人工智能相关板块此前推动美股强劲上涨，但市场对估值过高及泡沫风险的担忧升温。有分析人士表 示，这一波由AI驱动的行情或进入技术性休整阶段。 与此同时，美国政府关门进入第九天，仍未出现实质性进展，导致部分经济数据暂缓发布。投资者将目 光转向美联储官员的最新表态，以研判年底前是否再度降息。纽约联储主席威廉姆斯在接受采访时表 示，考虑到就业市场可能进一步走弱，他支持年内继续降息。期货市场数据显示，美联储10月会议降息 25个基点的概率高达94.6%。 本文字数：1187，阅读时长大约2分钟 作者 |第一财经 胡弋杰 美国股市周四收盘走弱，投资者在缺乏新的经济数据和市场催化剂的情况下选择调整仓位。标普500指 数和纳斯达克指数自历史高位回落，道琼斯工业平均指数录得一个月来最大单日跌幅。 截至收盘，道琼斯工业平均指数下跌243.36点，报46358.42点，跌幅0.52%；标普500指数下跌18.61点， 收于6735.11点，跌幅0.28%；纳斯达克综合指数下跌18.75点，报23024.63点，跌幅0.08%。 标普500指数11个板块中，原材料板块跌幅居前，必需消费品板块是唯一上涨的板块。住 ...

2025.10. 10 本文字数：1187，阅读时长大约2分钟 作者 | 第一财经 胡弋杰 美国股市周四收盘走弱，投资者在缺乏新的经济数据和市场催化剂的情况下选择调整仓位。标普500 指数和纳斯达克指数自历史高位回落，道琼斯工业平均指数录得一个月来最大单日跌幅。 截至收盘，道琼斯工业平均指数下跌243.36点，报46358.42点，跌幅0.52%；标普500指数下跌 18.61点，收于6735.11点，跌幅0.28%；纳斯达克综合指数下跌18.75点，报23024.63点，跌幅 0.08%。 标普500指数11个板块中，原材料板块跌幅居前，必需消费品板块是唯一上涨的板块。住房与住宅 建筑板块双双下跌逾2%，因利润率及需求前景承压。 大型科技股表现分化，苹果跌1.56%，谷歌A跌1.26%，微软和特斯拉至多下跌0.7%，亚马逊、英 伟达与Meta逆势上涨1.12%至2.18%。 中概股整体承压，纳斯达克中国金龙指数下跌2.01%，小鹏汽车和小马智行跌逾5%，蔚来、百度、 理想和阿里巴巴跌幅超过4%，晶科能源涨2.3%，哔哩哔哩上涨2.9%。 财富管理公司Keator Group合伙人马修·基特尔（Matthew ...

国庆又逢中秋，降雨亦难挡出游热情。这个假期，古都西安接待游客逾2000万人次，西安咸阳国际 机场单日旅客运送量创历史新高，三秦大地以深厚的文化底蕴、花样百出的活动和持续优化的服务吸引 八方来客，绘就了一幅活力满满的流动画卷。 千年古都绽放华彩 "博物馆热"折射文化自信 国庆中秋假期，西安文旅市场活力迸发，全市共接待游客2007.75万人次，游客总花费达199.59亿 元。 西安构建以46项市级活动为主导、395项区县级活动为支撑的特色文旅活动格局；与"与辉同行"携 手举办的2025西安中秋月宴直播活动，紧扣"唐诗+中秋+西安"核心要素，在线观看人数超1140万人次。 大唐西市主会场周边设置唐诗文化主题市集，大唐芙蓉园、长安十二时辰等"唐诗中秋体验线路"上 线，带动景区客流与二次消费显著增长。 西安市举办"第四批西安市非遗项目文创研发展示暨第三季非遗购物月"活动，通过非遗与教育、文 创、艺术的深度融合，让民俗文化绽放时代魅力。 演艺持续升温，21台重点旅游演艺共演出1188场，吸引游客95.2万人次，同比增长7%。《无界·长 安》《赳赳大秦》接待游客同比分别增长68.3%、51%，《西安千古情》创下单日演出20 ...

Group 1: Report Summary - The report focuses on the key events during the National Day holiday and the outlook for the bond market. It points out that consumption showed a characteristic of "increasing quantity but decreasing price" during the holiday, with tourism and travel recovering steadily. However, the prices of air tickets and hotels declined year-on-year, and the performance of urban travel, box office, and real estate was weak. The sustainability of consumer recovery and the strength of corporate profit repair remain to be seen. The bond market is likely to have a repair opportunity in the fourth quarter as the fundamentals gradually gain more pricing power [2][6]. Group 2: Holiday Consumption and Travel - **Travel Volume Increase**: From October 1 to 8, the daily average cross - regional population flow reached 304 million person - times, a 6.2% year - on - year increase compared to the 7 - day average of the 2024 National Day holiday, hitting a record high. The international passenger flow from September 30 to October 6 increased by 15.3% year - on - year [5][6]. - **Price Decline**: As of October 7, the 7 - day moving average of domestic aviation fuel - included ticket prices decreased by 3.8% year - on - year, and business route ticket prices generally declined. The RevPAR of domestic hotels from September 22 to 28 decreased by 4% year - on - year, indicating that profitability has not significantly recovered. The box office revenue and average ticket price from October 1 to 7 decreased by 18% and 10% respectively [6]. Group 3: Global Capital Market Performance - **Stock Market**: During the National Day holiday (October 1 - 7), major developed countries' and Hong Kong stock indices strengthened. The Nikkei 225 led the gains, with the Nasdaq and Hang Seng Tech rising by 0.6% and 1.3% respectively. The healthcare and information technology sectors in both US and Hong Kong markets rose significantly [6]. - **Commodities**: Precious metals and non - ferrous metals performed well. London gold and silver rose by 4.0% and 4.9% respectively, and LME copper, zinc, and aluminum rose by 3.5%, 2.5%, and 1.5% respectively [6]. - **Bond Yields**: Most major countries' long - term bond yields rose, while the 10Y US Treasury yield dropped 2BP to 4.14%, mainly due to the expected weakening of employment data and the "shutdown" of the US government [6]. - **Exchange Rates**: The US dollar index rose by 0.8%, the Japanese yen depreciated by 2.7% against the US dollar, and the offshore RMB against the US dollar depreciated slightly by 0.2% [6]. Group 4: Market Transaction Themes - **Interest Rate Cut Expectations**: The unexpected decline in ADP employment data led to increased expectations of an interest rate cut, and concerns about debt sustainability due to the US government "shutdown" caused gold prices to rise and the US stock market to fluctuate. However, it is expected that the debt ceiling issue will be resolved and will not cause continuous market disturbances [6]. - **Japanese Market Outlook**: With the likely victory of Kōichi Tashiro in the Japanese prime ministerial election, the expectation of a Japanese yen interest rate hike has been postponed. The implementation of active fiscal and monetary policies may lead to a market pattern of a strong Japanese stock market, a weak yen, and weak Japanese bonds [6]. Group 5: Bond Market Outlook - As the fundamentals gradually gain more pricing power in the bond market in the fourth quarter, the bond market is likely to have a repair opportunity. However, the sustainability of consumer recovery and the strength of corporate profit repair need further observation as prices have not fully stabilized [2][6].

Core Viewpoint - On October 9, 2023, the company announced that it has repurchased a total of 316,500 shares through centralized bidding, which represents 0.01% of its current total share capital [2] Summary by Category Company Actions - The company has conducted a share repurchase of 316,500 shares [2] - The repurchased shares account for 0.01% of the company's total share capital [2]